Investment
Investment , Exploration & Production , Legislation
Canadian Government Commits $320 Million to Aid Offshore Oil Industry
Newfoundland and Labrador is the third-largest oil-producing province in Canada, producing 5% of the country's crude in 2018. Low oil prices have forced producers to cut spending and output globally.
Private Equity , Investment , Health, Safety & Environment
Vanguard, BlackRock Add New Climate-focused ETFs as Demand Soars
Top asset managers Vanguard Group Inc. and BlackRock Inc. on Sept. 24 introduced new exchange-traded funds that exclude oil companies, coal producers and other industries that a growing number of investors want to avoid.
Public Capital , Investment , Acquisitions & Divestitures , Midstream
Blackstone Sells Stake in Cheniere Energy Partners Valued at $7 Billion
The sale of the approximately 42% stake in Cheniere Energy Partners represented the culmination of Blackstone’s involvement with the Houston-based LNG producer.
Investment , Crude Oil , Shale Plays , Tankers , Storage , Construction , Pipelines
Max Midstream to Develop New US Crude Export Hub Following Acquisition from Oaktree
The revitalized terminal is not only expected to connect the Port of Calhoun to both the Eagle Ford and Permian basins but also create more than 1,000 jobs in the Lone Star State, Max Midstream President Todd Edwards says.
Investment , Health, Safety & Environment , Emissions , Technology , Storage
Global Climate Goals ‘Virtually Impossible’ Without Carbon Capture, IEA Says
Up to to $160 billion investment in carbon capture technology is need by the growing number of countries and companies targeting net-zero CO₂ emissions by around 2050, the IEA says.
Investment , Digital Oilfield , Logistics
Blockchain Startup Data Gumbo Secures $4 Million from L37, Equinor and Saudi Aramco
L37 leads $4 million round with Equinor Ventures and Saudi Aramco Energy Ventures.
Investment , Emissions , Technology
Australia to Invest $13 Billion in Energy Technology to Cut Emissions
Australia plans to invest AU$18 billion (US$13 billion) over the next 10 years in technologies to cut carbon emissions in the fight against climate change, the country’s energy minister said on Sept. 22.
Investment , Emissions , Renewables
Challenges Facing Budding US Offshore Wind Sector
Policy and permitting, the environment and metocean conditions, and infrastructure were among the topics discussed as companies aim to advance projects.
Investment , Health, Safety & Environment , Emissions
Study: Global Net-zero Emissions Goal Would Require $1-2 Trillion Yearly Investment
As a result of the energy transition needed, oil demand could be slashed from 100 million bbl/d in 2019 to around 10 million bbl/d by mid-century, the study said.
Private Equity , Investment , Digital Oilfield
Quantum Energy Partners, Global Reserve Group Lead Financing Round of Datagration
“PetroVisor has already delivered game-changing financial results for many E&P companies and is ready to scale globally,” Datagration Executive Chairman Peter Bernard said in a statement.